4815 State Highway 121, The Colony, TX 75056

This premier single-tenant office condo is designed for professional or medical use and is managed for low day-to-day involvement. The interior features seven rooms, two restrooms, two showers, and a dedicated break room, with plumbing provided throughout all seven rooms. Updated in 2024 with high-quality interior finishes, the unit also includes washer and dryer hookups, supporting efficient day-to-day operations. The property is structured as a net lease investment with passive income and minimal landlord responsibilities, complemented by renewal options for both near-term cash flow and longer-term value.

The building fronts SH 121, providing prominent pylon signage and strong branding exposure in a dense commercial environment. The property is zoned PD 11, which supports a wide range of uses including medical, dental, general offices, personal services, and tutor centers. It is part of a condominium association community, and the tenant is described as stable, with a net income of $46,800 annually and a strong likelihood of renewal. Managed by the 121 Office Plaza Condominium Association, the setting includes multiple established medical clinics within the building, creating a cohesive environment for consistent foot traffic.

For buyers and investors, the combination of a single-tenant NNN structure, updated interiors, and renewal support can fit an owner-user or investment strategy seeking reliable income with workable flexibility. The unit’s functional room and plumbing configuration, along with the range of PD 11 permitted uses, also makes it practical for professional services and medical-oriented operators.